"Now I could be wrong but if you hold oppies say you paid 5c and...

"Now I could be wrong but if you hold oppies say you paid 5c and sold oppies for 10c and held them for over 1 year you only pay tax on 50% of the 5c profit" Rebel,I could be wrong also but I dont think profits on oppies can apply the 50% tax rule for having been held for 12 months.Even so I would much rather pay full tax on a profit than have to write off losses anytime.It's been a very good deal for many....What I wonder is will the date for the 1 for 8 deal extend past AIM listing giving overseas investors the same opportunity as Aussies.There may in fact be a lot of stale bull Aussies prepared to sell heads to free up cash to exercise oppies if the price goes well over $1..On the other hand I expect there will be plenty of English gentlemen happy to take them off their hands..especially if they can also apply for 1c, 2010 oppies..Interesting times ahead.